When you start shopping for a home, you probably have a very specific image of what you would like that home to look like. You probably also see the perfect neighbourhood surrounding that perfect home.

When it comes time to finance your new home and you still have a loan on another home you own but plan to sell, you are likely to run into the term bridge financing. This is a special type of financing that can help solve the cash flow problems created by the need to complete the purchase of one home before you complete the sale of the other.

When it comes to a home, you have two options: buy or rent. What is right for one person may not be right for another, which is why it’s important to know which is the best option for your individual situation.

The decision to purchase a home is exciting and a major investment for your future. Because there is only so much of it to go around, real estate is the top choice for many investors and the desire for most families.

If you are a first time homeowner, or are purchasing a home after a major life change such as marriage or having children, what should you consider to be sure your new home can grow with your changing family?